VA Loan limits have increased

Cheryl Knowlton:             Hi, everybody. Cheryl Knowlton, Dynamite Productions, coming at you with Clay Johnson, Castle and Cooke Mortgage. We have exciting news for you today regarding VA loans.

Clay Johnson:                    VA. We’ve talked about VA a lot on our segments.

Cheryl Knowlton:             We love VA.

Clay Johnson:                    We love it. It’s a great give back to those veterans who give so much for us.

Cheryl Knowlton:             Amen.

Clay Johnson:                    And I love this change that they made because we’ve been able to do a 100% financing on VA for a very long time, up and until you hit that jumbo loan amount, which currently is $484,350. and so they’ve now expanded that all the way up to 1.5 million to give them those amazing VA terms on the 100% financing-

Cheryl Knowlton:             That’s so fabulous!

Clay Johnson:                    No monthly mortgage insurance.

Cheryl Knowlton:             Did you hear that?

Clay Johnson:                    Incredibly excited about this change. So we’re going to be doing that. We’ve always loved the VA loans. I’m working on two of them right now actually, and so it’s a big part of what we do. And if you have any questions on this, guys, let us know. We’d love to answer those and get you going.

Cheryl Knowlton:             That is fantastic. If you have any questions on any VA financing terms, including these new exciting changes, give Clay a call.

Clay Johnson:                    Thanks a lot, you guys.